Join Now | 
HomeAboutContact UsPrivacy & SecurityAdvertise
Soccer America DailySpecial EditionAround The NetSoccer Business InsiderCollege Soccer ReporterYouth Soccer ReporterSoccer on TVSoccer America Classifieds
Paul Gardner: SoccerTalkSoccer America ConfidentialYouth Soccer InsiderWorld Cup Watch
RSS FeedsArchivesManage SubscriptionsSubscribe
Order Current IssueSubscribeManage My SubscriptionRenew My SubscriptionGift Subscription
My AccountJoin Now
Tournament CalendarCamps & AcademiesSoccer GlossaryClassifieds
Publicly Funded Stadiums Create Low-Paid Jobs, New Taxes
Wall Street Journal, July 18th, 2008 2:30PM

MOST READ

MOST COMMENTED

As D.C. United and other MLS teams seek public money to help finance new stadium ventures, Mark Yost looks at the real figures behind a sports venue financed largely by the taxpayer's cash. While there's no denying that the neighborhood around the Washington Nationals' new baseball stadium in southeast D.C. has undergone a renaissance in recent years, he asks, "How much credit should go to the ballpark?"

"It's a question that has been debated countless times before, over other stadiums, but the historical evidence is pretty clear," Rost writes. "Sports economists have long argued that publicly financed stadiums are a waste of taxpayer money. And they have the data to prove it." While stadium construction creates high-paying jobs for a year or two, "the vast majority of long-term employment is low-wage concession jobs." The Nationals' website currently advertises jobs for elevator operators, fan ambassadors and security guards, with pay at $7.50-$8.50 an hour.

District Councilman Kwame Brown once called the stadium "the most controversial project in the history of the city" because D.C. had more pressing needs with its schools a mess, crime out of control, and unemployment in distressed neighborhoods double the national average. Nowadays, Brown shows off the neighborhood and its $600,000 condos, giving some of the credit to the new stadium. But with the city's income from the stadium coming from the same people who financed it in the first place -- the taxpayers, who pay $14 million a year from taxes on tickets, concessions and merchandise, with another $24 million coming from a new stadium tax on D.C. businesses -- "the vast majority of the 'development' in Southeast," Rost concludes, "is nothing more than taxpayer-funded public works projects."

Read the original story...



No comments yet.

Sign in to leave a comment. Don't have an account? Join Now




AUTHORS

ARCHIVES
FOLLOW SOCCERAMERICA

Recent Section 2 Around the Net
Report: Demand Amps Up Ahead of El Clasico    
This Saturday's Clasico between Real Madrid and Barcelona, which regularly draws hundreds of millions of viewers ...
Ferguson: Moyes Didn't Inherit Declining Man United    
Alex Ferguson has updated his book My Autobiography to include a section about the short reign ...
Mourinho: Drogba Could Start vs. Man United     
Chelsea striker Loic Remy, who was substituted in the 13th-minute of Tuesday's 6-0 UEFA Champions League ...
Russia: Racism is a Global, Not Russian, Problem    
Russian Sports Minister Vitaly Mutko denied that his country has a particular problem with racism in ...
Robben Hails Bayern Tactics in Roma Thrashing    
Bayern Munich's 7-1 demolition of AS Roma at the Stadio Olimpico on Tuesday night-which broke the ...
Kompany: City, Not CSKA, Punished by Stadium Ban    
When UEFA slaps a stadium ban on a European club-as it has CSKA Moscow in the ...
Report: Raul to Join Cosmos This Week     
Former Real Madrid striker Raul Gonzalez on Tuesday reached an agreement to play for New York ...
Platini: Ballon d'Or Should Not Go to Ronaldo, Messi     
UEFA President Michel Platini believes the 2014 Ballon d'Or should not go to either Cristiano Ronaldo ...
Real's Bale, Ramos Miss Liverpool Clash    
Gareth Bale, Real Madrid's world record signing, and vice-captain Sergio Ramos are both out of Wednesday's ...
Ronaldo, Messi Could Break UCL Record This Week     
The world's two best players will have a chance to break Raul's UEFA Champions League goal ...
>> Section 2 Around the Net Archives